Crypto industry rallies behind Bybit, responds to $1.4b breach

Major cryptocurrency firms have launched a coordinated defense following Bybit’s recent security incident.

The exchange’s CEO, Ben Zhou, announced that multiple industry leaders have joined forces to track, contain, and minimize the impact of the exploit

The response has united both centralized and decentralized finance sectors, with key infrastructure providers implementing immediate protective measures.

Orbiter, deBridge, SynFutures, MYX, Thruster, and Owlto moved quickly to blacklist addresses linked to the exploit. Chainalysis has provided crucial support by tracking and publishing the attacker’s wallet addresses....